Belarus central bank handed 12% inflation target

belarus

The president of Belarus has set the country's central bank an inflation target of 12% for 2015 – likely a challenging goal, given inflation has climbed as high as 20% in recent months.

Each year the president approves a set of monetary policy guidelines for the National Bank of the Republic of Belarus (NBRB), including an inflation target and forward guidance on the central bank's key interest rate.

According to the guidelines, the refinance rate will "average out" at a level between 15% and 16

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.